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Salary: USD 134,136 - 195,615 / annual
Oscar Health is seeking a Senior Manager, Insurance Product to lead the development and advancement of insurance lifestyle product concepts, including lifestyle-based offerings, employer-subsidized solutions, and health solutions. You will operate as a hands-on innovation leader, translating corporate strategy into scalable product concepts, leading pilot development, and driving execution from brainstorming through launch.
Key responsibilities include:
**Product Innovation & Concept Development:** Lead development of new insurance product concepts and health solutions (e.g., industry-targeted solutions, employer-subsidized offerings, ICHRA products). Translate enterprise and product strategy into early-stage designs, value propositions, and business cases. Identify opportunities based on member needs, health disparities, employer demand, and market trends. Promote concept refinement toward scalable, market-ready solutions.
**Lifestyle & Employer-Subsidized Solutions:** Analyze development of employer-subsidized insurance solutions, including ICHRA-aligned and hybrid ACA/employer models. Identify opportunities to expand into employer-adjacent markets through partnerships with employers, brokers, and third-party platforms. Design flexible product constructs that allow employer contributions while maintaining QHP compliance and scalability. Evaluate go-to-market strategies for employer-targeted offerings.
**Market & Opportunity Analysis:** Interpret market, competitive, and member analysis to inform innovation priorities. Support opportunity sizing and business case inputs for new concepts. Define clear right-to-win and differentiation strategies at market and segment levels. Analyze employer market dynamics, broker influence, and distribution channel shifts.
**Team Coordination:** Partner with product design, clinical, network, actuarial, corporate strategy, and growth teams. Coordinate inputs and timelines to move concepts from brainstorming to pilot and launch. Partner with Sales, Broker Strategy, Market Leadership, and Growth teams to agree on employer-facing solution design and market-specific growth strategies.
**Pilot Execution & Learning:** Support execution of pilots and early-stage programs. Track performance, gather insights, and summarize findings. Recommend whether to refine, pivot, or discontinue important product concepts. Lead different teams to develop requirements and support implementation.
You will report to the Vice President, Insurance Product Innovation and Development. This role involves guiding matrixed reporting junior team members and requires willingness to travel up to 25% of the time.
**Requirements:**
- Bachelor's Degree
- 6+ years of experience in healthcare, health insurance, product management (ACA or Small Group), or corporate strategy
- Experience supporting product development, consumer journey mapping, improvement plans, or pilot programs
- Willingness to travel up to 25% of the time
**Bonus Points:**
- Experience with health insurance product development, population health, or member engagement solutions
- Familiarity with multicultural or underserved population strategies
- Exposure to condition-based or clinically oriented product models
- Experience in early-stage product development or experimentation